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$CVX /USDT Technical Analysis – A Bullish Surge in Play 🚀
The CVX/USDT pair has surged by 26.01%, now trading at $5.85. The market sentiment for this DeFi token is bullish, with key resistance levels testing new highs. Let’s break down the technicals and look at the targets to watch for.
🎯 Target 1: $6.100 – A Strong Resistance
The first target sits at $6.100, a crucial resistance level. If CVX can break above this, we could see a continuation towards higher levels, confirming the bullish momentum.
🎯 Target 2: $6.000 – Psychological Level
At $6.000, the psychological resistance is expected to be tested. Traders may start to take profits, but if momentum holds, a breakout above this price could trigger further upward movement.
🎯 Target 3: $5.900 – Immediate Support & Breakout Zone
If CVX pulls back, the $5.900 range will act as strong support, where buyers could step in again. A bounce here may signal that the bulls are in control, aiming for a retest of the higher resistance levels.
💡 24h High: $6.065
💡 24h Low: $4.616
The market is showing strong activity, and it’s crucial to monitor these targets for potential breakouts. Stay tuned for more updates as CVX continues to demonstrate strength in the market!
#CVXUSDT #TechnicalAnalysis #DeFi #CryptoTrading #Binance This post incorporates technical analysis, highlighting the targets and important levels for CVX/USDT.